Post Utme Uniben 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The following transactions were recorded during the month of January:

Answer Options

A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Accounts Payable 1,000
D. Debit Accounts Payable 1,000 and Credit Cash 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Uniben 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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